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Stock Trend Analysis Report

Prepared for you on Saturday, June 24, 2017.

MELCOR DEVELOPMENTS LTD (TSE:MRD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

TSE_MRD
Open High Low MRD Price Change
15.5 15.5 15.5 15.5 0.0
Entry Signal

MarketClub’s Trade Triangles for MRD

long term up The long term trend has been UP since Dec 29th, 2016 at 14.47

intermediate term down The intermediate term trend has been DOWN since May 2nd, 2017 at 16.20

short term down The short term trend has been DOWN since May 25th, 2017 at 15.98

Smart Scan Analysis for MRD

Based on a pre-defined weighted trend formula for chart analysis, MRD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for MRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.5 15.5 15.5 15.5 0.0
Prev. Close Volume Bid Ask Time
15.4 500 2017-06-22 10:31:20
Year High16.99Year High Date2017-04-10
Year Low13.8Year Low Date2017-02-06
52wk High16.9952wk High Date2017-04-10
52wk Low12.1652wk Low Date2016-11-17
Year End Close15.75Average Volume3,601
Volatility12.79
Want to analyze MELCOR DEVELOPMENTS LTD MRD or another symbol? Try our Free Stock Trend Analysis Report.